{"scope": "industry", "title": "Banks - Regional", "sector": "Financial Services", "industry": "Banks - Regional", "intelligence": {"score": 57, "label": "Accumulation bias", "tone": "positive", "stance": "Watch for market confirmation", "brief": "Priced common-share acquisitions carry more weighted evidence than disposals after freshness, role, size, and duplicate controls.", "confidence": 95, "confidence_label": "Deep evidence", "filings": 2989, "companies": 224, "insiders": 1350, "signal_events": 1589, "acquisition_events": 606, "disposal_events": 983, "acquisition_share": 38.1, "disposal_share": 61.9, "acquisition_value": 84604594.3707, "disposal_value": 342335610.5962, "net_value": -257731016.2255, "acquisition_value_label": "$84.6M", "disposal_value_label": "$342.3M", "net_value_label": "-$257.7M", "data_quality": 65, "priced_common_share": 59, "latest_date": "2026-09-11", "latest_signal_date": "2026-09-11", "oldest_date": "2026-06-18", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 2365, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 359, "bar_width": 15.2}, {"key": "derivative", "label": "Options and derivatives", "count": 170, "bar_width": 7.2}, {"key": "other", "label": "Other securities", "count": 95, "bar_width": 4.0}], "roles": [{"label": "Director", "count": 1398, "bar_width": 100.0}, {"label": "Other executive", "count": 793, "bar_width": 56.7}, {"label": "Other or unspecified", "count": 302, "bar_width": 21.6}, {"label": "CEO and chair", "count": 252, "bar_width": 18.0}, {"label": "Finance leadership", "count": 188, "bar_width": 13.4}, {"label": "Large holder", "count": 56, "bar_width": 4.0}], "supports": ["606 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 1350 named insiders rather than one filing source.", "The latest qualifying evidence is fresh, dated 11 Sep 2026."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-06-29", "label": "29 Jun", "acquisitions": 405, "disposals": 99, "qualified_acquisitions": 172, "qualified_disposals": 56, "total": 504, "height": 100.0, "acquisition_height": 80.4, "disposal_height": 19.6}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 48, "disposals": 46, "qualified_acquisitions": 26, "qualified_disposals": 38, "total": 94, "height": 18.7, "acquisition_height": 51.1, "disposal_height": 48.9}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 68, "disposals": 82, "qualified_acquisitions": 30, "qualified_disposals": 48, "total": 150, "height": 29.8, "acquisition_height": 45.3, "disposal_height": 54.7}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 58, "disposals": 117, "qualified_acquisitions": 42, "qualified_disposals": 43, "total": 175, "height": 34.7, "acquisition_height": 33.1, "disposal_height": 66.9}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 184, "disposals": 268, "qualified_acquisitions": 98, "qualified_disposals": 163, "total": 452, "height": 89.7, "acquisition_height": 40.7, "disposal_height": 59.3}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 130, "disposals": 183, "qualified_acquisitions": 103, "qualified_disposals": 149, "total": 313, "height": 62.1, "acquisition_height": 41.5, "disposal_height": 58.5}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 206, "disposals": 260, "qualified_acquisitions": 73, "qualified_disposals": 190, "total": 466, "height": 92.5, "acquisition_height": 44.2, "disposal_height": 55.8}, {"start": "2026-08-17", "label": "17 Aug", "acquisitions": 93, "disposals": 123, "qualified_acquisitions": 75, "qualified_disposals": 57, "total": 216, "height": 42.9, "acquisition_height": 43.1, "disposal_height": 56.9}, {"start": "2026-08-24", "label": "24 Aug", "acquisitions": 59, "disposals": 68, "qualified_acquisitions": 49, "qualified_disposals": 51, "total": 127, "height": 25.2, "acquisition_height": 46.5, "disposal_height": 53.5}, {"start": "2026-08-31", "label": "31 Aug", "acquisitions": 83, "disposals": 133, "qualified_acquisitions": 29, "qualified_disposals": 116, "total": 216, "height": 42.9, "acquisition_height": 38.4, "disposal_height": 61.6}, {"start": "2026-09-07", "label": "07 Sep", "acquisitions": 40, "disposals": 41, "qualified_acquisitions": 36, "qualified_disposals": 34, "total": 81, "height": 16.1, "acquisition_height": 49.4, "disposal_height": 50.6}, {"start": "2026-09-14", "label": "14 Sep", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Banks - Diversified", "score": 70, "confidence": 78}, {"label": "Insurance - Diversified", "score": 67, "confidence": 75}, {"label": "Insurance - Property & Casualty", "score": 58, "confidence": 94}, {"label": "Mortgage Finance", "score": 58, "confidence": 80}, {"label": "Banks - Regional", "score": 57, "confidence": 95}, {"label": "Insurance Brokers", "score": 54, "confidence": 87}, {"label": "Asset Management", "score": 53, "confidence": 94}, {"label": "Credit Services", "score": 51, "confidence": 95}, {"label": "Insurance - Reinsurance", "score": 49, "confidence": 78}, {"label": "Insurance - Life", "score": 48, "confidence": 96}, {"label": "Insurance - Specialty", "score": 44, "confidence": 91}, {"label": "Financial Conglomerates", "score": 43, "confidence": 75}, {"label": "Capital Markets", "score": 42, "confidence": 94}, {"label": "Financial Data & Stock Exchanges", "score": 29, "confidence": 93}], "leaders": {"constructive": [{"symbol": "RBCAA", "name": "Republic Bancorp Inc", "score": 87, "confidence": 81}, {"symbol": "CZNC", "name": "Citizens & Northern Corp", "score": 86, "confidence": 100}, {"symbol": "BWFG", "name": "Bankwell Financial Group Inc", "score": 86, "confidence": 99}, {"symbol": "RBKB", "name": "Rhinebeck Bancorp Inc", "score": 86, "confidence": 81}, {"symbol": "WTFC", "name": "Wintrust Financial Corporation", "score": 85, "confidence": 92}, {"symbol": "FINW", "name": "Finwise Bancorp", "score": 85, "confidence": 74}, {"symbol": "AUBN", "name": "Auburn National Bancorporation Inc", "score": 85, "confidence": 65}, {"symbol": "CLBK", "name": "Columbia Financial Inc", "score": 84, "confidence": 62}], "cautious": [{"symbol": "WBS", "name": "Webster Financial Corporation", "score": 12, "confidence": 72}, {"symbol": "WAL", "name": "Western Alliance Bancorporation", "score": 12, "confidence": 77}, {"symbol": "PB", "name": "Prosperity Bancshares Inc", "score": 12, "confidence": 93}, {"symbol": "FCF", "name": "First Commonwealth Financial", "score": 12, "confidence": 95}, {"symbol": "LOB", "name": "Live Oak Bancshares, Inc.", "score": 12, "confidence": 96}, {"symbol": "EBC", "name": "Eastern Bankshares Inc", "score": 12, "confidence": 96}, {"symbol": "AMAL", "name": "Amalgamated Bank", "score": 12, "confidence": 100}, {"symbol": "CATY", "name": "Cathay General Bancorp", "score": 13, "confidence": 90}], "active": [{"symbol": "FCF", "name": "First Commonwealth Financial", "score": 12, "confidence": 95}, {"symbol": "PB", "name": "Prosperity Bancshares Inc", "score": 12, "confidence": 93}, {"symbol": "WAL", "name": "Western Alliance Bancorporation", "score": 12, "confidence": 77}, {"symbol": "FMAO", "name": "Farmers & Merchants Bancorp Inc", "score": 16, "confidence": 80}, {"symbol": "DCOM", "name": "Dime Community Bancshares, Inc.", "score": 18, "confidence": 99}, {"symbol": "CBSH", "name": "Commerce Bancshares Inc", "score": 56, "confidence": 97}, {"symbol": "FUSB", "name": "First US Bancshares Inc", "score": 80, "confidence": 97}, {"symbol": "WSBC", "name": "WesBanco, Inc.", "score": 61, "confidence": 89}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}